Professionally taken photos will attract more buyers and sell more listings. High-quality photos will make it more attractive to potential buyers. If you aren't ready to hire a professional photographer and want to take high-quality photos with your smartphone, these are our top tips.
These steps will not affect your status as host. The "superhost" status of Airbnb is tied to a certain time and qualified period. You can keep your superhost status for up to 4 years with other properties, or you can get it back when you purchase a new property.
While the reason behind selling can vary from one person to another, the ultimate goal of all sellers is to make a substantial profit. No one wants an investment to be sold at a lower or equal price than it was when it was bought. There are many situations when owners may have to make the leap.
Understanding the tax implications for vacation rental sales is key to avoiding any unexpected surprises in tax season. The 1031 exchange is possible if you used the vacation home solely as an investment. You may not be eligible if your vacation property was used solely as an investment.
Airbnb's many years of operation have seen it disrupt the travel and hospitality industries. Airbnb has also affected the property market, driving up rents and property prices up. Airbnb's 1% rise in listing prices resulted in a 0.026% increase in housing prices. This is remarkable, considering Airbnb listings experienced a median growth rate of 28% over the past year. This results in an average 5.7% annual price increase.
Capital gains tax is the tax you must pay on any profit from the sale. The property's depreciation will also increase this tax.
